Last year, news surfaced that insurance company Lloyd's of London refused to pay for the losses that the rapper incurred due to him canceling the 21 remaining shows of his Saint Pablo tour after suffering from a mental breakdown at the end of 2016. The company claimed that West had the breakdown because of weed that he allegedly smoked. So, Lloyd's of London felt like it didn't have to pay for anything that was West's own doing. However, West's attorneys denied that drugs had anything to do with his hospitalization.
"We've learned Lloyd's folded under massive pressure by Kanye's lawyers and agreed to pay most of what Kanye was due under the policy," TMZ reads. "Kanye's touring company -- Very Good Touring -- had sued for $10 million after Lloyd's incredibly refused to pay because it claimed the breakdown was triggered by Kanye's alleged drug use. Lloyd's claimed drug use was an exclusion under the policy. As we reported, Lloyd's initially dragged its feet, claiming marijuana triggered the mental breakdown, something we're told was totally unsupported by medical evidence."
After pressure from West's legal team, Lloyd's of London decided to throw in the towel. Battling the artist's lawyers in court -- and potentially losing -- would serve a much harder blow to its pockets and brand.